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Boston Symphony Orchestra Concert Programs, Summer, 2011

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Boston Symphony Orchestra Concert Programs, Summer, 2011 CHIHULY IN THE BeRKSHIRES HANTZ E F\J E S ARY ART Street Stockbridge, MA 8.3044 BERKSHIRE MONEY MANAGEMENT Wettl mak& it easy to nu>ve>youvportfolio. November 15, 2007 Sample Market Calls (sell) of Berkshire Money Management May 11, 2001 (sell) April 4, 2010 (sell) January 1, 2002 (sell) May 10, 2002 (sell) September 28 2001 (buy) S&P 500 INDEX DAILY DATA 1/02/2001-12/31/2010 October 11 2002 (buy) MJ SDMJ SDMJ S D M J SDMJ D M J SDMJ S D ©Copyright 2011 Ned Davis Research, Inc. Further distribution prohibited without prior permission. All Rights Reserved. See NDR Disclaimer at www.ndr.com/copyright.html. For data vendor disclaimers refer to www.ndr.com/vendorinfo/. May 11, 2001 (sell) May 10, 2002 (sell) November 15, 2007 (sell) t "Don't get too scientific.just ask yourself; "If [the NASDAQ] pierces the 1600 level "The obvious answer is a temporary position does it feel like a recession? We don't think again, the prudent investor will not hold in cash." it feels as bad as 1990-1991, but it is bad out for another relief rally...the NASDAQ is The stock market fell 48.9% after that sell enough." setting up for a retest of the September signal. [2007] lows of the 1400s." The stock market fell 16.5% until our next buy signal. October 11, 2002 (buy) March 6, 2009 (buy) "Expect a bottom for the S&P 500 at 660 September 28, 2001 (buy) "The VIX broke 50 [on October 10th], and points." that is my buy signal this time." "Equity valuations are better than they have The stock market rose 63.2% from that buy been in years." The stock market rose 80% until our next signal to the end of 2009. sell signal. The stock market rose 10.4% until our next sell signal. April 4, 2010 (sell) January 1, 2002 (sell) "...The bottom line is a correction is coming, but it's not a crash... Signs of a longer-than- "I've had my three months of bullishness, BERKSHIRE typical correction." but now I must adhere, once again, to a more bearish sentiment." MONEY July 14, 2010 (buy) The stock market fell 30% until our next MANAGEMENT "...the correction is over...being in cash is a buy signal. risky proposition." The Knowledge & Experience to Build Your Wealth AT WWW.BERKSHIREMM.COM 888.232.6072 The S&P 500 Index (S&P) has been used as a comparative benchmark because the goal of the above strategy was to provide equity-like returns. The S&P is one of the world's most recognized indexes by investors and the investment industry for the equity market. The S&P, however, is not a managed portfolio and is not subject to advisory fees or trading costs. Investors cannot invest directly in the S&P 500 Index. The S&P returns also reflect the reinvestment of dividends. 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Visit Today Art of the Americas Wing i i i ,-'^U -!t mm* m' i mm* Mtaammmmmmmmimmim Museum of Fine Arts Boston mfa.org the new m James Levine, Music Director Bernard Haitink, Conductor Emeritus Seiji Ozawa, Music Director Laureate 130th season, 2010-2011 Trustees of the Boston Symphony Orchestra, Inc. Stephen B. Kay and Robert P. O'Block, Co-Chairmen • Edmund Kelly, Chairman-Elect • Paul Buttenwieser, Vice-Chairman • Diddy Cullinane, Vice-Chairman • Roger T. Servison, Vice-Chairman • Stephen R. Weber, Vice-Chairman • Vincent M. O'Reilly, Treasurer William F. Achtmeyer • George D. Behrakis • Alan Bressler • Jan Brett • Samuel B. Bruskin • • • • • Eric D. Collins Cynthia Curme Alan J. Dworsky William R. Elfers Judy Moss Feingold, • • • • • ex-officio Nancy J. Fitzpatrick Michael Gordon Brent L. Henry Charles H.Jenkins, Jr. Joyce G. Linde • John M. Loder • Carmine A. Martignetti • Robert J. Mayer, M.D. • • • • Nathan R. Miller Richard P. Morse • Aaron J. Nurick, ex-officio Susan W. 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